Kentucky Chamber Foundation Inc.

“The foundation does not have any other compensated officers or key employees; therefore, this question has been answered "no" in accordance with the form 990 instructions.”

“The organization does not have committees with authority to act on behalf of the governing body.”

“A copy of the organization's final form 990 (including supplemental schedules), as ultimately filed with the IRS, was provided to each voting member of the Foundation's governing body electronically prior to its filing with the IRS.”

“The Kentucky Chamber Foundation annually surveys its board of directors and other key persons to determine potential conflicts of interest. A questionnaire is distributed annually that includes a list of key persons and a detailed description of what might constitute a conflict of interest with the organization. The response to the questionnaires are reviewed by the board of directors. On matters where the conflict applies, the board member holding the conflict will be prevented from deliberating and voting on decisions of the transaction or arrangement.”

“Compensation for the organization's officers is paid by Kentucky Chamber of Commerce, Inc. (KCC), a related tax-exempt organization. The CEO's performance and compensation are reviewed at least once each year by KCC's performance review and compensation committee (established in the chamber's bylaws) using comparable chamber of commerce and state association executive compensation data. The performance review and compensation committee reports its review process to KCC's executive committee. The CEO reports to the committee on his/her process for review of other executive salaries. The committee reports its review process to the executive committee. The reports for the above are included in the executive committee minutes which are distributed to the full board of directors at the regular meeting.”

“Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to IRC Section 6104. These documents are not available to the public at this time.”

“Kcf's programs include: leadership institute for school principals: kentucky school principals, new in their careers, attend executive level leadership training at no cost to them (valued at $9,000 each). To date, the leadership institute has trained more than 300 principals with donations of more than $2.7 million from kentucky's business community. The kentucky chamber workforce center the workforce center convenes employers, educators/providers, and public sector entities to ensure workforce and education efforts are employer driven. Education efforts foundation efforts focus on ensuring kentucky's core k-12 education standards remain stringent and competitive for students who will soon work in a global economy; essential skills are integrated into school curriculum and higher education funding is based on outcomes that meet employment needs. In addition, the foundation works to convene various kentucky foundations around common education efforts.”

“In 2018, the Foundation entered into contracts with the state of Kentucky regarding multiple workforce development initiatives including the Talent Pipeline Management Program and the Workforce Center Program. The Foundation provides various administrative services and support to manage these initiatives.”

“Leadership Program Teachers - Total Expense: 178386, Program Service Expense: 178386, Management and General Expenses: , Fundraising Expenses: ; Professional Services - Total Expense: 5019, Program Service Expense: 5019, Management and General Expenses: , Fundraising Expenses: ;”